Delek Logistics Partners, LP | 2013 | FY | 3


The following table illustrates the percentage allocations of available cash from operating surplus between the unitholders and our general partner based on the specified target distribution levels. The amounts set forth under “Marginal Percentage Interest in Distributions” are the percentage interests of our general partner and the unitholders in any available cash from operating surplus we distribute up to and including the corresponding amount in the column “Total Quarterly Distribution per Unit Target Amount.” The percentage interests shown for our unitholders and our general partner for the minimum quarterly distribution are also applicable to quarterly distribution amounts that are less than the minimum quarterly distribution. The percentage interests set forth below for our general partner include its 2.0% general partner interest and assume that our general partner has contributed any additional capital necessary to maintain its general partner interest, our general partner has not transferred its incentive distribution rights and that there are no arrearages on common units.
 
 
Total Quarterly
 
Marginal Percentage
 
 
Distribution per Unit
 
Interest in Distributions
 
 
Target Amount
 
Unitholders
 
General Partner
Minimum quarterly distribution
 
$0.37500
 
98.0
%
 
2.0
%
First target distribution
 
above $0.37500 up to $0.43125
 
98.0
%
 
2.0
%
Second target distribution
 
above $0.43125 up to $0.46875
 
85.0
%
 
15.0
%
Third target distribution
 
above $0.46875 up to $0.56250
 
75.0
%
 
25.0
%
Thereafter
 
above $0.56250
 
50.0
%
 
50.0
%

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